Question: My client has been employed for 1 year and previous to that was a high-school graduate. Will his time in high school count as his employment history? Answer: FHA will allow only one year of employment (and even no job history in the case of a new job offer right after specialized training or […]
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Answer: Yes. Fannie and Freddie do not necessarily require a two-year history until it comes to variable income sources such as Bonus, OT, Commission, and Self-employment. You may want to include the borrower’s school transcripts or trade-school diploma to show they were in school for the past couple of years and that the job lines […]
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